Accenture plc (ACN) stock declined in its latest intraday trading, under continued negative pressure from trading below its previous 50-day SMA. This bearish outlook is further reinforced by the stocks movement along a main short-term downward trend line. In addition, a negative divergence has formed in the Stochastic indicators after reaching strongly overbought levels, exaggerated relative to the stocks movement, with negative signals starting to appear.

Therefore, we expect the stock to decline in its upcoming trading, as long as it remains stable below the resistance level of 262.17, to then target the key support level of 236.67.

Todays price forecast: Bearish.